We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Finance

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What is a Silver Dollar?

By Patti Kate
Updated: May 17, 2024
Views: 7,439
Share

Silver dollars are United States coins made from silver metal and copper. This currency is widely kept by many hobbyists as part of a coin collection. There are many variations of the silver dollar, including the Susan B. Anthony dollar and the Sacagawea dollar. Many United States (US) presidents are depicted on silver dollars. For instance, the Eisenhower silver dollar, government issued in the 1970s, honors the 34th US president, Dwight D. Eisenhower.

Typically in the collector's market, a mint-condition silver dollar will have greater value than a coin that is marred or flawed. Coin dealers who sell silver dollars may sell rare coins that have been out of circulation for a long time. These rare coins are generally valued and sought after by collectors. Auction houses are a common source for such rare coins, and online sources may be another.

American silver dollars have a rich history, dating back to the 1700s. Morgan silver dollars are widely sought after, and one of the rarest coins may be the 1895 Morgan dollar. According to US mint records, there may be several thousand Morgan silver dollars unaccounted for.

The American Eagle silver dollar is made of pure silver. It is made from one ounce of pure silver, which is stamped and documented onto the coin. A depiction of Statue of Liberty is on the front side of the silver coin, and the American Eagle is depicted on the other side. In 2006, the government issued uncirculated American eagle silver dollars, as well as a special commemorative 20th-anniversary silver dollar coin.

When the American silver dollars were issued from the late 1700s through the mid 1930s, there were many types in circulation, including the seated liberty silver dollar and the peace silver dollar. Seated liberty silver dollars were issued in the 1800s and their value varies greatly, according to condition. Uncirculated coins may be valued at thousands of dollars.

The grade of a silver dollar may be determined by several factors. This may include wear along edges, clarity, and general luster of the coin. Experience and expertise are required to grade silver dollars accurately.

Canadian silver dollars are another type of coin also sought after by coin collectors. These silver dollars were issued by the Canadian mint beginning in the 1930s. Maple leaf designs of Canadian silver dollars are one of the most notable varieties.

Share
WiseGeek is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.

Editors' Picks

Discussion Comments
Share
https://www.wisegeek.net/what-is-a-silver-dollar.htm
Copy this link
WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.

WiseGeek, in your inbox

Our latest articles, guides, and more, delivered daily.